Credit Union Benefits

Better rates of return on savings accounts and certificates of deposit

U.S. Government insured accounts up to $250,000

Dividends are paid to members (that may be you), not shareholders!

You’ll need to decide your in-school repayment options

Interest-Only Payment: You'll make full monthly interest payments on your loan while you’re in school.

Proactive Payment: You’ll make a $25 monthly payment while you’re in school.
Any unpaid accrued interest is added to the outstanding loan amount at the end of the deferment period.

You’ll enter repayment status and make full interest and principal payments six (6) months after you leave
school (or are no longer enrolled at least half-time).

All cuScholar loans are variable rate loans. Interest rates are determined by adding the base rate
(which stays constant for the life of the loan) and the average of the 3-month LIBOR index
(a reference rate based on the interest rates at which banks borrow unsecured funds from other banks).